Question: Brief Exercise 7 - 2 ( Static ) Bank overdrafts; financial statement effects [ LO 7 - 2 , 7 - 1 0 ] Cutler

Brief Exercise 7-2(Static) Bank overdrafts; financial statement effects [LO7-2,7-10]
Cutler Company has a cash account with a balance of $250,000 with Wright Bank and a cash account with an overdraft of $5,000 at Lowe Bank.
What amount would the current assets section of Cutlers balance sheet include for cash under IFRS? Under U.S. GAAP?

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